M&A Deal Summary

FSN Capital Acquires Kjell

On April 16, 2014, private equity firm FSN Capital acquired electronics company Kjell from ICA Gruppen

Acquisition Highlights
  • This is FSN Capital’s 2nd transaction in the Electronics sector.
  • This is FSN Capital’s 12th transaction in Sweden.

M&A Deal Summary
Date 2014-04-16
Target Kjell
Sector Electronics
Buyer(s) FSN Capital
Sellers(s) ICA Gruppen
Deal Type Divestiture

Target

Kjell

Malmo, Sweden
Kjell is a retailer of accessories for consumer electronics with a network of 74 stores, as well as online sales. The company has a unique over-the-counter store concept, enabling offering high-quality customer service by highly knowledgeable sales personnel while maintaining the broadest and deepest product range in home electronics accessories. Kjell was founded in 1990 and is based in Malmo, Sweden.

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Buyer(S) 1

Buyer

FSN Capital

Oslo, Norway

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1999
PE ASSETS 4.0B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

FSN Capital is a private equity firm focused on opportunities in Scandinavia. FSN looks to make control investments in mid-sized companies valued from €50 to €500 million. FSN targets businesses with the potential to 'become international leaders'. FSN Capital was formed in 1999 and has offices in Oslo, Munich, and Stockholm.

DEAL STATS #
Overall 24 of 59
Sector (Electronics) 2 of 2
Type (Divestiture) 1 of 4
Country (Sweden) 12 of 21
Year (2014) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-03-18 Instalco Group

Solna, Sweden

Instalco Group is a swedish plumbing and electrical installation company.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-11-10 Vizrt

Bergen, Norway

Vizrt is a provider of real-time 3D graphics, studio automation, sports analysis and asset management tools for the media and entertainment industry. This includes interactive and virtual solutions, animations, maps, weather, video editing, compositing, and playout tools. Vizrt was founded in 1994 and is based in Bergen, Norway.

Sell Nkr2.5B

Seller(S) 1

SELLER

ICA Gruppen

Solna, Sweden
Category Company
Founded 1917
Sector Electronics
Employees24,043
Revenue 128.0B SEK (2021)
DESCRIPTION

ICA Gruppen is one of the Nordic region’s leading retail companies with a clear strategy for profitable growth. ICA Gruppen was founded in 1917 and is based in Solna, Sweden.

DEAL STATS #
Overall 1 of 2
Sector (Electronics) 1 of 1
Type (Divestiture) 1 of 2
Country (Sweden) 1 of 2
Year (2014) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-01-01 Cervera

Stockholm, Sweden

Cervera is a retailer of products for the preparation and serving of food, and for decoration and gifts. The company also operates through an omni-channel platform, which is built on Cervera's strong brand name and includes a nationwide store network combined with an e-commerce channel. Cervera was founded in 1984 and is based in Stockholm, Sweden.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-11-12 Apotek Hjärtat AB

Solna, Sweden

Apotek Hjärtat is an operator of independent pharmacy retail chain in Sweden.

Buy kr5.7B
Mergr

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